According to reports out of Tokyo, Toshiba has reached a deal to sell a controlling stake in its consumer electronics unit to Chinese appliance maker Midea. Although the details have yet to be announced, the move raises questions about what will become of Toshiba's laptops and tablets business.
News of the sale comes after a $1.9 billion accounting scandal rocked the Japanese company, leading to the dismissal of dozens of executives and the elimination of nearly 7,000 jobs. To raise money, the cash-strapped firm also plans to sell its medical division to camera manufacturer Canon.
When asked about the fate of Toshiba's electronics products, a company spokesperson had no additional information to share. But the company's U.S. website has posted the following announcement: “As of March 1st, 2016 Toshiba is no longer taking orders directly on this website... To place an online order for Laptops or PC Accessories for your home, please visit CDW, our trusted partner, using the links below."
At the moment, the news does not appear to have affected pricing on the three Toshiba computers recommended in our Ratings. CDW offers the Chromebook 2 for $442, though you must call to confirm its availability. The 15.6-inch, 2-in-1 Toshiba Satellite Radius still sells for $1,000 on BestBuy.com. The same goes for the 12.5-inch Radius, also available on Adorama.com.
But it's hard to sink money into a Toshiba laptop when the future of the company's warranty and repair services remains unclear. As more details on Toshiba's deal with Midea are revealed, we'll share them with you. In the meantime, subscribers can check out our laptop Ratings for recommended models from other manufacturers.
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